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COLONIAL NEWPORT TIGER FUND CLASS Z SHARES Supplement to Prospectus dated April 30, 1997 The Fund's Prospectus is amended as follows: (A) Effective April 30, 1998, the Fund's name is changed to "Newport Tiger Fund". The Fund's address and telephone number remain unchanged. (B) The Fund's Distributor has changed its name to "Liberty Financial Investments, Inc." The Distributor's address and telephone number remain unchanged. NT-36/938E-0398 March 10, 1998
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